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Parish Mews, Gainsborough, Lincolnshire DN21 - Image 1
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Parish Mews, Gainsborough, Lincolnshire DN21

Yorkshire

£75,000
Listed on 24/03/2026

Property Details

Bedrooms
3
Type
Terraced
Area
1152 sqft

Description

This 3-bedroom terraced house presents a valuable investment opportunity for those seeking a renovation project. It features a robust structure that can be transformed into a desirable family home or lucrative rental once the necessary enhancements are made. The ground floor hosts a spacious lounge suitable for family gatherings and a kitchen/diner that offers potential for an open-plan layout, which is highly sought after. The first floor comprises two sizeable double bedrooms and a family bathroom that allows for updating with modern amenities or restructuring to fit personal preferences. On the second floor, you'll find an additional double bedroom complete with an en-suite bathroom, making it perfect for a master suite or private guest accommodation. This property is primed for improvement, allowing investors to increase its value significantly.

Investment Analysis

(DN21 area)

Below Market Value

This property is priced -64.0% below area average per sq ft

-64.0%
Potential saving
This Property
£65/sq ft
Area Average
£181/sq ft
Avg Rent (weekly)
£150
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£229,300
10% above area average per sq ft
Potential ROI
+91.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
57
Average per month
Market Turnover
27%
Properties sold annually

Local Market Trend (DN21)

Area prices are rising by +3.2% over the last 12 months
3 year growth: +3.9%
5 year growth: +15.5%
Investment Disclaimer: Analysis based on DN21 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Parish Mews, Gainsborough, Lincolnshire DN21
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£270
Based on a loan of £56,250 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Price History

-11.8% since listed
£75,000£5,000(-6.3%)
29/10/2025
Current price
£80,000£5,000(-5.9%)
24/04/2025
£85,000Initial listing
18/03/2025

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